Pre Session-Positive opening seen for Sensex on global rebound
16/09/2016 08:27
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Indian equity benchmarks are likely to witness a bullish opening on Friday tracking positive trade in Asian markets and a rally at Wall Street overnight as disappointing US industrial output and retail sales data pared back expectations of a Fed interest rate hike, bolstering risk taking appetite. The CNX Nifty Index Futures for September delivery which were trading at 8,817, up by 0.45 per cent or 39.5 points at 10:40 AM Singapore time, signal that the Sensex may open higher today. A continued loose monetary policy regime in key developed markets may bolster capital flows into emerging markets such as Asia’s third biggest economy. While the Bank of England on Thursday kept policy unchanged but signaled scope of a further rate cut in November, the Fed will meet next week to decide whether to hike interest rates, while the Bank of Japan could bolster monetary stimulus and slash its key rate deeper into the negative terrain. Traders will weigh data showing a 0.3 per cent, year-on-year drop in India’s exports to USD 21.5 billion in August 2016. Meanwhile, the rupee which tanked to a two-week low against the US dollar on Thursday, on rumours of devaluation of the currency, will also be in focus. The 30-share Sensex on Thursday advanced 40.66 points or by 0.14 per cent to 28,412.89 amid hopes that the RBI may cut interest rates next month.
Asian stocks bounced back from a six-week low as worries over a September Fed rate hike eased. While markets in China and Hong Kong were closed for holidays, Japan’s Nikkei 225 climbed on reduced expectations of the US central bank hiking interest rates next week. US industrial output fell 0.4 per cent in August from July as factory production declined, while retail sales fell 0.3 per cent last month, the first drop in five months. US stocks advanced on Thursday driven by gains in Apple Inc. while higher crude prices lifted energy stocks.
Top traded Volumes on NSE Nifty – Bharat Heavy Electricals Ltd. 16496905.00, ICICI Bank Ltd. 11032157.00, Hindalco Industries Ltd. 10494591.00, State Bank of India 7783662.00 and ITC Ltd. 7778214.00.
On BSE, total number of shares traded was 26.35 Crore and total turnover stood at Rs. 3801.03 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 185257 with a total turnover of Rs. 13260.29 Crore. Along with this total number of contracts traded in stock futures were 510812 with a total turnover of Rs. 36468.80 Crore. Total numbers of contracts for index options were 5285373 with a total turnover of Rs. 400934.27 Crore and total numbers of contracts for stock options were 315037 with a total turnover of Rs. 22984.69 Crore.
The FIIs on 15/09/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 4624.61 Crore and gross debt purchased stood at Rs. 1895.32 Crore, while the gross equity sold stood at Rs. 5097.77 Crore and gross debt sold stood at Rs. 1759.26 Crore. Therefore, the net investment of equity and debt reported were Rs. -473.16 Crore and Rs. 136.06 Crore.
16/09/2016 08:27
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Indian equity benchmarks are likely to witness a bullish opening on Friday tracking positive trade in Asian markets and a rally at Wall Street overnight as disappointing US industrial output and retail sales data pared back expectations of a Fed interest rate hike, bolstering risk taking appetite. The CNX Nifty Index Futures for September delivery which were trading at 8,817, up by 0.45 per cent or 39.5 points at 10:40 AM Singapore time, signal that the Sensex may open higher today. A continued loose monetary policy regime in key developed markets may bolster capital flows into emerging markets such as Asia’s third biggest economy. While the Bank of England on Thursday kept policy unchanged but signaled scope of a further rate cut in November, the Fed will meet next week to decide whether to hike interest rates, while the Bank of Japan could bolster monetary stimulus and slash its key rate deeper into the negative terrain. Traders will weigh data showing a 0.3 per cent, year-on-year drop in India’s exports to USD 21.5 billion in August 2016. Meanwhile, the rupee which tanked to a two-week low against the US dollar on Thursday, on rumours of devaluation of the currency, will also be in focus. The 30-share Sensex on Thursday advanced 40.66 points or by 0.14 per cent to 28,412.89 amid hopes that the RBI may cut interest rates next month.
Asian stocks bounced back from a six-week low as worries over a September Fed rate hike eased. While markets in China and Hong Kong were closed for holidays, Japan’s Nikkei 225 climbed on reduced expectations of the US central bank hiking interest rates next week. US industrial output fell 0.4 per cent in August from July as factory production declined, while retail sales fell 0.3 per cent last month, the first drop in five months. US stocks advanced on Thursday driven by gains in Apple Inc. while higher crude prices lifted energy stocks.
Top traded Volumes on NSE Nifty – Bharat Heavy Electricals Ltd. 16496905.00, ICICI Bank Ltd. 11032157.00, Hindalco Industries Ltd. 10494591.00, State Bank of India 7783662.00 and ITC Ltd. 7778214.00.
On BSE, total number of shares traded was 26.35 Crore and total turnover stood at Rs. 3801.03 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 185257 with a total turnover of Rs. 13260.29 Crore. Along with this total number of contracts traded in stock futures were 510812 with a total turnover of Rs. 36468.80 Crore. Total numbers of contracts for index options were 5285373 with a total turnover of Rs. 400934.27 Crore and total numbers of contracts for stock options were 315037 with a total turnover of Rs. 22984.69 Crore.
The FIIs on 15/09/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 4624.61 Crore and gross debt purchased stood at Rs. 1895.32 Crore, while the gross equity sold stood at Rs. 5097.77 Crore and gross debt sold stood at Rs. 1759.26 Crore. Therefore, the net investment of equity and debt reported were Rs. -473.16 Crore and Rs. 136.06 Crore.
